Audioboom Group (LSE:BOOM) Debt-to-Equity : 0.70 (As of Jun. 2024)

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What is Audioboom Group Debt-to-Equity?

Audioboom Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.06 Mil. Audioboom Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.77 Mil. Audioboom Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £1.20 Mil. Audioboom Group's debt to equity for the quarter that ended in Jun. 2024 was 0.70.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Audioboom Group's Debt-to-Equity or its related term are showing as below:

LSE:BOOM' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.71 Med: 0.13 Max: 0.95
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Audioboom Group was 0.95. The lowest was -3.71. And the median was 0.13.

LSE:BOOM's Debt-to-Equity is ranked worse than
83.41% of 416 companies
in the Interactive Media industry
Industry Median: 0.15 vs LSE:BOOM: 0.70

Audioboom Group Debt-to-Equity Historical Data

The historical data trend for Audioboom Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Audioboom Group Debt-to-Equity Chart

Audioboom Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.15

0.07

0.02

0.51

Audioboom Group Semi-Annual Data
	Nov13	May14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.02	0.02	0.51	0.70

Competitive Comparison of Audioboom Group's Debt-to-Equity

For the Internet Content & Information subindustry, Audioboom Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Audioboom Group's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Audioboom Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Audioboom Group's Debt-to-Equity falls into.

Audioboom Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Audioboom Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.054	+	0.823)	/	1.714
	=	0.51

Audioboom Group's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.061	+	0.771)	/	1.196
	=	0.70

Audioboom Group (LSE:BOOM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Audioboom Group Debt-to-Equity Related Terms

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Audioboom Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Audioboom Group PLC (LSE:BOOM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.audioboomplc.com

Audioboom Group PLC is a podcast company that provides an adtech and monetization platform that underpins a scalable content business that provides commercial, distribution, marketing, and production services for a premium network of podcasts. Its platform distributes content via Apple Podcasts, YouTube, Spotify, Pandora, Amazon Music, Google Podcasts, iHeartRadio, Facebook, and Twitter as well as a partner's websites and mobile apps. The company has operational footprints across the United Kingdom and the USA.